SM Entertainment has reportedly requested an asset freeze against EXO’s Chen, Baekhyun, and Xiumin to recover payments totaling 2.6 billion won, equivalent to 10% of their individual activity revenue under their contract.
The related assets are revealed to be:
- Chen's 300 million Won house deposit
- Baekhyun's apartment in Guri (1.6 billion Won)
- Xiumin's apartment in Yongsan (700 million Won)
This request is connected to the 10% of their activities payment that has reportedly been agreed upon by both sides in June 2023
An asset freeze is a temporary legal measure that restricts the sale or transfer of a property before a final ruling and does not mean an asset was confiscated.
Source: Translated Naver article
The related assets are revealed to be:
- Chen's 300 million Won house deposit
- Baekhyun's apartment in Guri (1.6 billion Won)
- Xiumin's apartment in Yongsan (700 million Won)
This request is connected to the 10% of their activities payment that has reportedly been agreed upon by both sides in June 2023
An asset freeze is a temporary legal measure that restricts the sale or transfer of a property before a final ruling and does not mean an asset was confiscated.
Source: Translated Naver article